GAAP net income of $3.9 million, or $0.08 per diluted share for the third quarter

Adjusted non-GAAP net income of $6.6 million, or $0.14 per diluted share for the third quarter

Dr. Jack Zhang, Amphastar's CEO, commented: "We are pleased with the Company's profitability for the quarter and look forward to potential product approvals in the coming months."

Three Months Ended

Nine Months Ended

September 30,

September 30,

2016

2015

2016

2015

(in thousands, except per share data)

Net revenues

$

64,223

$

63,868

$

191,622

$

174,607

GAAP net income (loss)

$

3,890

$

(3,008

)

$

13,274

$

(10,320

)

Adjusted non-GAAP net income (loss)*

$

6,648

$

(256

)

$

22,557

$

(4,889

)

GAAP diluted EPS

$

0.08

$

(0.07

)

$

0.29

$

(0.23

)

Adjusted non-GAAP diluted EPS*

$

0.14

$

(0.01

)

$

0.49

$

(0.11

)

_________________________

* Adjusted non-GAAP net income (loss) and Adjusted non-GAAP diluted EPS are non-GAAP financial measures. Please see the discussion in the section entitled "Non-GAAP Financial Measures" and the reconciliation of GAAP to non-GAAP financial measures in Table II of this press release.

Third Quarter Results

For the three months ended September 30, 2016, the Company reported net revenues of $64.2 million, an increase of 1% compared to $63.9 million for the three months ended September 30, 2015.